President Ilham Aliyev approved the road map for the development of the tourism industry, the implementation of which will open 25,000 new jobs by 2020.
The document reflects the 16 priority areas of tourism development in Baku and regions of the country. The coordination tasks will be promoted by the National Tourism Bureau, which will be created in 2017.
If the government can achieve its objectives, real GDP growth from tourism will amount to 465 million manat in 2020.
The government expects growth in the number of foreign tourists mainly from Iran, the Persian Gulf countries, Russia, etc. By 2020, the number of overnight stays in hotels of Baku will increase from 0.8 million (2015) to 3.65 million / day, and average length of stay in hotels - from 2 to 3 days. In general, as a result of the planned measures the number of foreign tourists in Baku is up to 900 thousand people (in 2015 - 0.5 million).
The level of filling of health facilities in Naftalan in 2020 will amount to 60%, an increase of 15% by paragraph. For this transport communication will be developed between Baku and Naftalan, including railway connection. -----08D.
Economics
-
The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
-
Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
-
Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
-
The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
Leave a review